Short answer
KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS) filed an 8-K current report with the SEC on March 6, 2026 reporting Item 2.01 (Completion of Acquisition or Disposition of Assets), Item 1.01 (Entry into a Material Definitive Agreement). Kratos acquired Orbit (Tel Aviv Stock Exchange) for ~$352.7M cash, funded entirely from balance sheet: no new debt raised.
KRATOS DEFENSE & SECURITY SOLUTIONS, INC. 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- Kratos acquired Orbit (Tel Aviv Stock Exchange) for ~$352.7M cash, funded entirely from balance sheet: no new debt raised
- Price paid: $13.725 per Orbit ordinary share for 100% of the company
- Orbit is now an indirect wholly owned KTOS subsidiary as of March 2, 2026
- All outstanding Orbit employee stock options, vested or unvested, were accelerated, canceled, and paid out in cash at closing
Item 2.01 · Completion of Acquisition or Disposition of Assets
- Kratos acquiring Orbit Technologies Ltd. (Israel) via merger: Orbit becomes indirect wholly-owned subsidiary of KTOS
- Deal structured through UK holding subsidiary (Kratos Holdings UK) with Israeli merger sub: typical cross-border acquisition structure
- Agreement signed November 4, 2025; merger completion subject to conditions precedent not yet detailed in this item
- No deal value or financial terms disclosed in this section: key figures likely in accompanying exhibits or subsequent filings
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